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Lithium Chile Uniquely Well Positioned to Take Advantage of New Chilean Lithium Tender Process, and Upsizes the Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)
(TheNewswire) CALGARY, ALBERTA – TheNewswire - October 26, 202...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Uniquely Well Positioned to Take Advantage of New Chilean Lithium Tender Process, and Upsizes the Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n October 26, 2021\n \n \n –\nLithium Chile Inc. (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n discusses its 12 properties –\nover 68,000 hectares – that make up its Chile Lithium Portfolio and\nwhy they are uniquely placed to take advantage of Chile’s new\nlithium exploration tender process.\n \n \n \n \n Steve Cochrane, President and CEO of Lithium Chile\ncommented: “\n \n \n The newly\nannounced initiative promoting new domestic and foreign investment in\nLithium exploration and production announced last week by the Chilean\nGovernment is incredibly positive news for Chile and Lithium Chile. We\nalready have an excellent portfolio of properties and this\nannouncement has already created interest from companies in the\nbidding process for potential joint ventures with us. This new\nparticipation in developing Chile’s lithium assets is anticipated to\ndrive prices for existing and new lithium properties. Any company\nwanting to take advantage of the initiative will have to either\npurchase land or joint venture with an existing property owner and we\nare ready to take advantage of that.”\n \n \n \n \n Highlights\n \n \n \n \n \n \n - Chilean Government announces\ninitiative to encourage new domestic and foreign investment to explore\nand develop lithium properties in Chile.\n \n \n \n \n - Tender process for special\noperating contracts – covering the development of lithium properties\nand the production and exportation of lithium carbonate,\n \n \n \n \n - For companies who already hold\nlithium properties in Chile – this is expected to dramatically cut\nred tape and timing to allow exploitation and more importantly\nproduction,\n \n \n \n \n - Lithium Chile already hold a\nChilean lithium property portfolio of 12 properties – totalling\n68,800 hectares,\n \n \n \n \n - Companies like Lithium Chile with\nexisting prospective lithium properties are anticipated to definitely\nbenefit from the new rules.\n \n \n \n \n \n \...